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Property Pulse August Newsletter

Vicki Hetherington News Leave a Comment

INVESTMENT OPPORTUNITY

Great Value in Central Takapuna
Anzac Street, Takapuna, Auckland

invest

We have found a great investment property (pictured above) for sale in Takapuna !!!

Takapuna has fabulous beaches, plenty of entertainment as well as being close to Auckland City.   Takapuna rental properties are also sort after by professionals.  As long as the asking price is reasonable we often get many high standard tenancy applications from prospective professional tenants after a single viewing.  Every week a property is empty is a dollar that is not in your pocket, so buying in a sort after area like Takapuna minimizes this risk. Once again our goal is to maximize return on your investment every way possible.

Please contact Vicki for the Real Estate company’s details. 0272780396 or vicki.h@corporatepropertyrentals.com

METH TESTING UPDATE

Under the Health and Safety Act where a property measuring 0.5mcg/100cm was deemed uninhabitable the tenant were given 7 days’ notice to vacate.  At the end of June 2017 Standards New Zealand bought out new guidelines under NZS 8510.

 The new standards

Level of 1.5mcg/100cm for “high use areas”

Level of 3.8mcg/100cm for “low use areas”

Please ask us for your free download if you wish to read specific detail by emailing info@corporatepropertyrentals.com

One section worth noting:-

If a property is suspected to be contaminated by methamphetamine but is subsequently  rented regardless the owner can be fined.

While it is the owners choice Corporate Property Rentals recommends testing prior to purchase and before and after tenancies.  Approx. cost $210 – $300.  Our tenancy agreement state we may conduct meth testing throughout a tenancy and bond will be held at the end of a tenancy depending on meth test results.

TENANT LIABILITY UPDATE

Holler vs Osaki decision landlords are prevented from seeking recovery against tenants where the tenant has been negligent. However, recent decisions by the Tenancy Tribunal have shown some flexibility in this approach where the landlord can clearly identify negligence by the tenant.

Additionally, just last week a new Bill, The Residential Tenancies Amendment Bill (No.2), was introduced into Parliament by Building and Construction Minister Nick Smith. If it becomes law, it could see tenants being liable for the landlords’ insurance excess if they damage their rental property due to carelessness.

 

 

 

 

 

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